FWD Hong Kong's new business first-year premiums increased by 59% year-on-year last year, outpacing the industry average growth rate.

According to the provisional statistics from the Insurance Authority, FWD Hong Kong’s new business first-year premiums increased by 59% year-on-year last year, while its new business annualized premiums rose by 41%, both outperforming the industry averages of 51% and 38%, respectively. The company's new business single-premium payments surged by 68% year-on-year, ranking third in Hong Kong overall. Additionally, its participating insurance products’ new business first-year premiums also ranked third in Hong Kong. Ken Lau Chi-kin, Executive Director of Greater China and Chief Executive Officer of FWD Hong Kong, stated that several of FWD Hong Kong's business metrics ranked among the top three in Hong Kong last year. Notably, participating insurance products demonstrated strong performance, reflecting FWD’s success in maintaining balanced growth across both health protection and wealth management sectors. During this period, exclusive agency...

AASTOCKSMay 8 11:49

Bank of America Securities Reaffirms Their Buy Rating on FWD Group Holdings Limited (1828)

TipRanksMay 8 09:25 · Ratings

FWD Group Corrects Figures in Share Award Grant to CEO and Updates Plan Capacity

TipRanksMay 7 07:55

Bank of America Securities initiated coverage on FWD Group (01828.HK) with a "Buy" rating and a target price of HKD 43.2, citing expectations that its VNB growth rate will outperform peers.

Bank of America Securities has initiated coverage on FWD Group (01828.HK) with a "Buy" rating and set a target price at HKD 43.2. FWD is a regional life insurance company with operations spanning ten markets across the Asia-Pacific region, primarily including Hong Kong, Thailand, Japan, and ASEAN countries. The bank forecasts that the company's new business value (VNB) growth will reach 17% to 19% over the next two to three years, surpassing the 10% to 15% growth rate of larger peers. Additionally, FWD has begun optimizing its capital and financing structure to enhance profitability. Currently, the stock is valued at only 0.6 times the forecasted P/EV for 2026, trading at a discount compared to industry leader AIA.

AASTOCKSMay 6 11:34

FWD Grants 14.9 Million Restricted Shares to Group CEO, Employees as Incentives

MT NewswiresMay 4 19:32

JPMorgan: FWD Group (01828.HK) Q1 new business value exceeds expectations; maintains 'Overweight' rating.

JPMorgan issued a research report stating that FWD Group's (01828.HK) new business value in the first quarter increased by 9% year-on-year to USD 314 million, significantly surpassing the bank’s expectation of USD 244 million, with growth achieved despite a high base. The new business contract service margin improved by 1.2 percentage points year-on-year to 43.5%, while the new business contract service margin rose by 8.7 percentage points year-on-year to 78.4%, primarily driven by an improved product mix and operational leverage from cost control in Hong Kong. The bank noted that although FWD’s quarterly disclosures are limited, the company has continued to perform strongly this quarter following a record high in the first quarter of last year.

AASTOCKSMay 4 15:30